Ferrovial is the first company on the IBEX 35 index (Spain’s stock market index) to list its ordinary shares on Nasdaq. The company has been present in the United States for over two decades, building a substantial portfolio of infrastructure assets.
Ferrovial’s ordinary shares will continue to be listed and traded, under the ticker symbol FER, in Spain and in the Netherlands. No shares are being offered as part of the additional US listing, the company noted.
The admission to trading of Ferrovial’s ordinary shares in the US represents a key step in the company’s internationalisation process and its commitment to growth in North America. Ferrovial believes that this milestone will highlight the value of its assets and projects to US investors with an interest in the infrastructure sector.
Share buyback programme
Following Ferrovial’s Nasdaq listing, the company’s share buyback programme announced on April 11, 2024 will be extended to the US markets. The total maximum net investment under the programme is €500m and the total number of shares repurchased may not exceed 37,000,000. The programme’s duration is from May 2, 2024 to December 31, 2024, although the company reserves the right to terminate the programme prior to its expiry date. As of May 8, 2024, Ferrovial acquired 600,000 shares under the programme, representing an aggregate net investment of €20,947,283.78.
